Huge Health Care Fraud Allegations

Shares of Health Management Associates (NYSE: HMA) , one of the larger for-profit hospital operators in the country, dropped Monday after a controversial segment aired on 60 Minutes last night. The company issued a statement ahead of the episode and is currently facing investigation over the questionable practices highlighted during the show. In the following video, Brenton Flynn details the allegations and notes that the company has not admitted any wrongdoing, attributing these claims to disgruntled employees.

While you can certainly make huge gains in the health care sector, the best investing approach is to choose great companies and stick with them for the long term. In our free report "3 Stocks That Will Help You Retire Rich," we name stocks that could help you build long-term wealth and retire well, along with some winning wealth-building strategies that every investor should be aware of. Click here now to keep reading.

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.